Credit Suisse expects higher costs from U.S. case to push it to fourth quarter loss

This post was originally published on this site

https://i-invdn-com.akamaized.net/news/LYNXMPED0C0KP_M.jpg

The bank had already set aside $300 million in connection with the case which relates to a decade-long dispute regarding a U.S. residential mortgage-backed security (RMBS), but said in December it expected the figure to rise.